Exhibit 21 ---------- List of Subsidiaries of Matthews Studio Equipment Group 1. Hollywood Rental Company, LLC ----------------------------- State of Formation: Delaware Names Under Which Subsidiary Conducts Business: Hollywood Rental Company, LLC Hollywood Rental Company 2. Matthews Acceptance Corporation ------------------------------- State of Incorporation: California Names Under Which Subsidiary Conducts Business: Matthews Acceptance Corporation MAC 3. Matthews Studio Electronics, Inc. --------------------------------- State of Incorporation: California Names Under Which Subsidiary Conducts Business: Matthews Studio Electronics, Inc. Matthews Studio Electronics 4. Duke City Video, Inc. --------------------- State of Incorporation: New Mexico Names Under Which Subsidiary Conducts Business: Duke City Video, Inc. DCDUBS Duke City Dallas Duke City Studios Duke City West 5. Matthews Studio Group Centers, Inc. ----------------------------------- State of Incorporation: California Names Under Which Subsidiary Conducts Business: Matthews Studio Group Centers, Inc. Matthews Studio Group Centers - Nevada, Inc. 6. Matthews Studio Sales, Inc. --------------------------- State of Incorporation: California Names Under Which Subsidiary Conducts Business: Matthews Studio Sales, Inc. ESS ESS International Expendable Supply Store 7. HDI Holdings, Inc. ------------------ State of Incorporation: Kentucky Names Under Which Subsidiary Conducts Business: HDI Holdings, Inc. HDI 8. Four Star Lighting, Inc. ------------------------ State of Incorporation: New York Names Under Which Subsidiary Conducts Business: Four Star Lighting, Inc. Four Star Stage Lighting, Inc. 9. ShowbizMart.com Inc. -------------------- State of Incorporation: Delaware Names Under Which Subsidiary Conducts Business: ShowbizMart.com -2-